DV Capital Corporation, a Mortgage Brokerage licensed and regulated by the Financial Services Regulator Authority of Ontario (FSRA), is a facilitator of mortgage investment opportunities secured against real-estate in the Province of Ontario.
In 2012, the Office of the Superintendent of Financial Institutions (OSFI) introduced its Residential Mortgage Underwriting Practices and Procedures Guideline (Guideline B-20) to set out expectations for strong residential mortgage underwriting by federally regulated lenders. This includes a minimum qualifying rate (stress-test) that is meant to confirms a borrower’s ability to continue payments on their mortgage loans should a change to their income and employment be negatively impacted, or if there was a sudden interest rate hike. In addition, an imposed requirement to implement greater scrutiny on property valuations, establish loan-to-value limits respective to the property type, location, and market.
Naturally, this has created an underserviced market of Ontario home-owners, or to-be home-owners, that do not conform to the institutional guidelines. Accordingly, real estate located in remote locations, clients with less than perfect credit, clients who are self-employed and cannot verify their income using traditional methods, and/or clients with elevated debt service ratios may face issues with obtaining traditional financing.
The founding Principal Broker, Daniel Vyner, has spent nearly a decade involved in the intricacies of mortgage originating, mortgage underwriting, and default management of mortgage investment opportunities in the province of Ontario.
DV Capital Corporation welcomes all natures of inquiries and initial consultation. Investor suitability is of paramount importance and only once a suitability test is passed, and a Know-Your-Client (KYC) assessment will be conducted. Note that in addition to a general suitability assessment which is reviewed an on annual basis, an assessment will be conducted per trade.
DV Capital Corporation will asses a potential investor’s income, net worth, investment experience, risk tolerance level, and explain the material risks associated with mortgage investing in general and specific to each investor’s circumstances and will compile a profile of loan attribute preferences.
In addition to non-registered funds, investors may invest in mortgages using a self-directed RRSP, TFSA, LIRA, RRIF, or RDSP which is held with a third-party custodian.
Investors are encouraged to seek third-party taxation, legal, and/or any other appropriate consultation prior to engaging DV Capital Corporation for investment services.